Kumyang Decides on Paid-in Capital Increase Worth 405 Billion KRW

Kumyang announced on June 4 that it will conduct a paid-in capital increase worth 405 billion KRW.

Kumyang stated that it has decided to issue 13 million common shares and 14 million other types of shares through a third-party allotment method as part of the paid-in capital increase.

A Kumyang representative said, "We are conducting the paid-in capital increase to raise 405 billion KRW for facility funding."